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Nintendo: Annual Profits Down, Next Year Will Be Better
Nintendo recently released its financial statement for 2011, and the news probably isn't going to make investors happy.
Nintendo is reporting that its net income for the year (which ended March 31) was 77.6 billion yen, a mere 66% of 2010's net income of 228.6 billion yen. Despite the decrease, and acknowledging that the aftermath of the recent earthquake could have unpredictable effects on the market, Nintendo is predicting a net income of 110 billion yen for 2012, up 41.7% from this year. The company cites the 3DS, Skyward Sword, and evergreen titles as the reason for the rosy outlook. We're sure the recently confirmed HD system Nintendo is working on won't hurt either.
[via Joystiq]
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